MACD Diff Based Entry and Exit

[jabbhc]

Hello,

One of my requirements for entry that I want is for the MACD Diff to be higher than the previous candlesticks close value. (Showing an increase in momentum) I need this to work for when the MACD Difference was previously declining and has now started to reverse trend.

Also, for my exit strategy I need the value of the MACD Diff high since entry to have decreased by 20% for my exit to be filled.

Lastly, how do I make sure that there is only one order entry sent per requirements matched. For example, when all my requirements are matched I want there to be one order entry sent out until my requirements are no longer matched and then the strategy could look for another possible entry.

Thank you so much for your time and help!

[NinjaTrader_ChelseaB]

Hello jabbhc,

The code for the MACD Diff being higher than the previous close would appear as:

if (CurrentBar > 1 && MACD(12, 26, 9).Diff[0] > Close[1])

You can check if the value of the Diff plot from 1 bar ago is less than 2 bars ago
MACD(12, 26, 9).Diff[1] < MACD(12, 26, 9).Diff[0]

Similarly you can compare the plot from 0 bars ago to be greater than 1 bar go.

You find 20% of a value by multiplying it by .2.

Print(MACD(12, 26, 9).Diff[0] * .2);

The EntriesPerDirection you can set to 1, so once a position is taken new orders are ignored.

https://ninjatrader.com/support/helpGuides/nt8/entriesperdirection.htm

If you have not already watched the Strategy Builder 301 video, I recommend this as a starting point.
Below is a link to forum post with helpful information about getting started with NinjaScript.

https://ninjatrader.com/support/forum/forum/ninjatrader-8/indicator-development/97575-sample-scripts?p=786040#post786040